BlackRock TCP Capital Corp (TCPC) CFO Acquires $28,480.00 in Stock

BlackRock TCP Capital Corp (NASDAQ:TCPC) CFO Paul L. Davis acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The stock was bought at an average cost of $14.24 per share, for a total transaction of $28,480.00. Following the completion of the purchase, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $213,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of BlackRock TCP Capital stock traded up $0.11 during midday trading on Friday, reaching $14.25. The company had a trading volume of 390,436 shares, compared to its average volume of 332,585. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market cap of $831.28 million, a P/E ratio of 7.16, a P/E/G ratio of 1.77 and a beta of 0.70. BlackRock TCP Capital Corp has a fifty-two week low of $13.71 and a fifty-two week high of $15.90.

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BlackRock TCP Capital (NASDAQ:TCPC) last posted its quarterly earnings data on Thursday, November 8th. The investment management company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. BlackRock TCP Capital had a return on equity of 11.56% and a net margin of 31.79%. The company had revenue of $49.48 million for the quarter, compared to analyst estimates of $48.06 million. Equities analysts anticipate that BlackRock TCP Capital Corp will post 1.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 10.11%. The ex-dividend date of this dividend is Friday, December 14th. BlackRock TCP Capital’s dividend payout ratio (DPR) is presently 72.36%.

A number of institutional investors and hedge funds have recently modified their holdings of TCPC. 6 Meridian acquired a new position in BlackRock TCP Capital in the second quarter valued at approximately $5,305,000. Cliffwater LLC lifted its stake in BlackRock TCP Capital by 75.0% in the third quarter. Cliffwater LLC now owns 504,651 shares of the investment management company’s stock valued at $7,181,000 after buying an additional 216,256 shares during the period. Bramshill Investments LLC acquired a new position in BlackRock TCP Capital in the third quarter valued at approximately $1,506,000. Bank of Montreal Can acquired a new position in BlackRock TCP Capital in the second quarter valued at approximately $1,418,000. Finally, Acadian Asset Management LLC acquired a new position in BlackRock TCP Capital in the third quarter valued at approximately $1,019,000. 45.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on TCPC. BidaskClub raised BlackRock TCP Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Wells Fargo & Co cut their price objective on BlackRock TCP Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, October 4th. National Securities reaffirmed a “buy” rating and issued a $19.00 price objective on shares of BlackRock TCP Capital in a research note on Monday, August 13th. Zacks Investment Research lowered BlackRock TCP Capital from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JMP Securities cut their price objective on BlackRock TCP Capital from $17.00 to $16.50 and set a “market outperform” rating on the stock in a research note on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. BlackRock TCP Capital currently has a consensus rating of “Hold” and a consensus target price of $16.90.

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BlackRock TCP Capital Company Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.